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Bitcoin-short

Bearish MACD ATR Divergence 1W: Bitcoin (BTC) shortWeekly: There is now a finger pattern, an upwick sticking out and the current weekly candle went up after the open but failed, and now prices are below previous candle close. Weekly is only half way, but bearish divergence is developing on EFI and MACD-H. Stochastic RSI seems to cross, and is overbought. Let's see how this develops. On shorter TF's I was daring to short around 61-63K, because of the setups on the shorter TimeFrame. I'm carefully opening short positions while I am looking how this weekly candle unfolds and take it's value most serious in it's last 1/3 of its ilifespan. If this setup plays out, I expect it to go to the middle of the value zone, around 50K, up to the -0.5 ATR around 45K. That is a 1.5 ATR to 2 ATR move. -1 ATR could be a third target, but that could be tried with a last remainder of the position Daily: After the ATH, a failed try to make a new high, fiddled out and price could not reach the 2 ATR. Then prices started to fall. I shorted already a good portion around 62K-63K based on a setup of the 4H chart. Daily is at the VZ zone now, and I expect it to pull up a little based on a shorter TF. There I will add to my short. Stochastic RSI is oversold, but still kind of flat, and seems to cross again. EFI declining and level is nou in bearish territory, below zero. Entry: Now, or higher, based on short TF ( I already entered this short around 62K on average Exit: Target 1: 50430 Target2: 45100 Stoploss: 64408 R/R: 1:2 up to 1:3
Short
by Tornado_Trading
Will crypto market crash or not ? Hi friends Everything is clear but I'll give you some extra infomation Both market cap and BTC/USDT now are struggeling with major R . Especially market cap might make a double top pattern PLEASE PLEASE take this advice from me: *** NEVER BUY AT RESISTANCE AND NEVER SELL AT SUPPORTS *** if you're bullish just wait till the R is broken and for more sureness you can wait for pullback and if you are bearish and hope trader you can go short I myself am bearish because of my wave counting (It could be wrong but it is my opinon ) like and comment your opinion please Good luck
CRYPTOCAP:TOTALShort
by amirhoseinmlh
3
4H Evening Star Doji - At Resistance We have formed a bearish evening star doji candle right at resistance. The last time we had such a candle at resistance BTC fell 20% in about 12 hours. Even though bitcoin has been completely invalidating all bearish scenarios, I think this is the one that does it in. Not to mention the ridiculous bearish divergence that has been playing out. Most bears have now flipped to bulls and the moon boys are extremely euphoric. We could very well see a large pullback here in the upcoming hours. But who knows BTC is so manipulated that it could just defy all TA once again and just continue to the upside, but I wouldnt bank on it. I would expect alt coins to take a massive hit as well. Ive opened a short here. Looking to take profit around 47.5K. Thank you for viewing my post!
Short
by Nutty_Trader
5
BTCUSDT New Short Position This is my new short position on BTCUSDT, price of BTC has been going up very fast for the past few days, and now it seems to have reached exhaustion, in sharp uptrends this usually means a ranging market is coming for the next few daily candles or a retracement to touch some important moving averages and to gain more volume to continue going up. This could be a formation of a new macro pattern in which we could be at the top of its newly formed resistance at around 56.2k Keep in mind that it is very risky to short in a uptrend and only do this on no more than 2x leverage if you even use leverage.
Short
by mastertrade23
BTC/USDT - Approching end of Bull Trap (Wave B) Hi Traders, As you can see, the chart of BTC is showing some interesting growth opportunity. So the question is when to take profit and to stay on safe side ? In my opinion, we are very vclose to end of wave ((c)) of B. Very close to Golden pocket retracement. 0.618-0.65. Also Price Action is forming some kind of overlaping structure which could be wave (v) of ((c)). Cosisting of 3-3-3-3-3 waves. So focus on 1-2-4H timeframe and count subwaves. Bullish scenario - if we cross 52,4K than, BTC can go Higher. This level must be confirmed as support before another growth. SO there will be enough time to enter again. Trade safe and enjoy the game ;)
Short
by Longevity_Contrarian
ADA/USDT ShortSwing short to create the next lower low. Trendlines: would be the third touch of the upper trendline if the recent breach of the outer trend line is a fakeout. Fibonacci: correlates with a fib placed from the last lower high to the next supply zone under the monthly support. Resistance: Right under a monthly resistance. Volumes: rising short volumes can result in long volumes rising to aid the next push towards our entry. Entry: a market entry around the 2.43 region, watch for wicks around the 2.57 region.
Short
by midnighthvy
2
BTCUSD Short IdeaMy previous BTC long hit TP1, and as I said I moved SL into Break Even once that happened, so made small profits on that. Now, I'm shorting. We have printed an inverse Cup & Handle pattern, and the technical target for that is my TP2. TP1 (the purple line) is at a support zone. Evidently, fundamental factors going on in China are seeming to impact the overall economy negatively which is also reflecting in the crypto space. I'm expecting a falling crypto market for the near future. Will enter and post more shorts if I encounter any.
Short
by afatuliaj
2
BTC/USDT Finding the Dip?BTC was on an uptrend since the end of July 2021 after the massive correction between May-July. We can see BTC was very bullish with continuous green candles in the weekly chart until we hit 53k. Since that BTC started to correct. As lots of experts predicted this happen in September. At the moment BTC broke the 42k Local support and trading below. if we refer to Demand Index it is still positive and we can see a downtrend making LH and LL (Demand Index). This indicates that Bears is in control at the moment bring the buying pressure lower. So how low we can go? 1. Well we need a big green spike on the Volume indicator to reverse the trend and we haven't seen one since mid-August. 2. If we draw Fibonacci on weekly chat we can see the 50% correction 41k and we touched 40k. If we lose this support then the next stop is the 61.8% at 38k. Worst-case scenario next stop at 34k (78.6%) This is a prediction purely based on technical and I'm ignoring all the FUD news. In my opinion, 38k is the area where Whales are loading their cash and waiting to BUY. Only if the Bulls lose the battle at 41-42k. The best strategy is to do Dollar Cost Average from 42k to 38k and accumulate much as we can. Because If we hit 38k or below then we will see a huge bullish spike in volume that will liquidate major bears and create a domino effect. This means BTC could pump from 38k (or 34k) to 48k in a short period. This is not financial advice, please DYOR and maintain proper Risk Management strategy
by CryptoCafeClub
1